Some more examples of Transactions(Accounting Problem -1) :-

Journalise the Following transactions .

Jan 1st  2011 :-             Madhavan Started business with Cash Rs. 1,00,000
Jan. 2:-             He opened an Account with Federal bank Rs. 15,000
       4 :-             Purchased goods from Chandran Rs. 15,000
       5 : -            Cash Purchases Rs . 50,000
       7 :-             Returned goods to Chandran Rs. 500
       9 :-             Sold goods for Cash Rs . 1500
      10 :-            Settled Chandrans due by Cheque.
      13 :-            Sold goods to Vinayak Rs. 3,500
      15 :-            Vinayak returned us goods Rs. 300
      18 :-             Commission Paid Rs. 100
      20 :-             Purchase office Stationary items Rs. 150.
      22 :-             Received cheque from Vinayak in Full Settlement 
                          of his Account.
      24 :-             Paid cheque in to Bank for Collection
      27 :-             Vinayak’s cheque dishonored and returned
      30 :-              Paid salary Rs . 700
      31 :-              Withdraw goods Rs . 800 for residential Purpose
                       
                                                                    N/L =  59950
 
                                                                    B/S =  99200